Top 5 Crowdfunding Sites

Which crowdfunding site is best? Is there something better than GoFundMe? What are the 4 types of crowdfunding that exist?

About Crowdfunding

The idea of crowdfunding is century old. The Oldest crowd-funded thing was a book. The Statue of Liberty is a crowdfunded project. The concept of crowdfunding is quite simple. Here a huge group of people pay for the same cause or to venture into a business. Rewards, donations, debt, and equity are the four different types of crowdfunding. Crowdfunding is a popular way of raising money for startups now. There were over 6 million active crowdfunding campaigns worldwide in 2019. Now there are many websites where you can also crowdfund your project or help other ventures to get funds.

5 Best Crowdfunding Sites

Here, we have created a list of the best crowdfunding sites. We will open up about their crowdfunding options, how you can start crowdfunding, and the cost of crowdfunding with these websites. Let us take a look at the list.

  1. Best Crowdfunding For Personal Fundraising - GoFundMe
  2. Best Crowdfunding For Creative Projects - Kickstarter
  3. Best Crowdfunding For Creators - Patreon
  4. Best Crowdfunding For StartUps - Crowdfunder
  5. Best Crowdfunding website Overall- Indiegogo

1. GoFundMe

Starting with the popular fundraising platform GoFundMe. GoFundMe is a for-profit crowdfunding platform. Users can start fundraising on the platform for a wide range of events including, funding graduations, medical, competition, creative, wishes, non-profit and more. It is one of the most trusted platforms to start fundraising. It is free to start a campaign on GoFundMe. The website is one of the reasons behind the popularity of internet-based crowdfunding. GoFundMe will deduct a 5% fee from each donation that you receive.

2. Kickstarter

Kickstarter is a crowdfunding platform focused on creativity. On this crowdfunding website, Every project creator sets their project's funding goal and deadline. If people like the project, they can pledge money to make it happen. Kickstarter is a great platform for startups and small businesses to raise funds. There is a process of approval conducted by Kickstarter's Trust and Safety Team before you can go live. Kickstarter campaigns make ideas into reality. It’s where creators share new visions for creative work with the communities that will come together to fund them. If your project is successfully funded, the following fees will be collected from your funding total: Kickstarter's 5% fee, and payment processing fees (between 3% and 5%).

3. Patreon

Patreon is a membership platform that makes it easy for artists and creators to get paid. Patreon describes itself as a crowdfunding platform for creators. The platform helps creators to draw a continuous income from The audience. Patreon is a way to get paid for creating the things you're already creating (webcomics, videos, songs, whatevs). To join a creator's membership as a patron, or provide membership as a creator, you must be at least 18 years old or have your parent's permission. The site has 6 million+ active patrons and 200,000+ creators. Patron charges from 5%-12% depending on the creator's tier.

4. Crowdfunder

Crowdfunder is the UK's biggest crowdfunding platform. This website provides a network of 15,000 venture capitalists and angel investors. Crowdfunder and its VC Index Fund provide the opportunity for direct online investment into single ventures, as well as diversification into a broadVC-led portfolio (Index Fund) of early-stage startups backed by many of the world’s leading Venture Capital firms and private investors. You can use the platform to raise funds for events like a Community project, Business, Sports, Campaign or cause, Charity, Personal cause. Crowdfunder charges a card payment processing fee of 1.9% or 2.4% on the amount you raise, plus 20p and VAT on each pledge made.

5. Indiegogo

Indiegogo is an online crowdfunding platform. It brings Users together to support crowdfunding campaigns. It can host fundraiser campaigns innovative products, creative design, and inspired ventures. This website has tools for helping at every stage of your creative or entrepreneurial project from pre-launch to crowdfunding and distribution. The unique feature of the platform is that it offers both fixed and flexible funding. Fixed is best for fundraisers where your project needs a certain amount of money, while flexible is good for campaigns where you’ll benefit from any funding. Indiegogo charges a five percent (5%) platform fee on all funds raised for your campaign. The website can integrate with other platforms, including Meta and Google, to promote your campaign.

Thanks for reading.